Nano Nuclear Energy (NASDAQ:NNE) Shares Up 2.9% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price was up 2.9% during trading on Thursday . The company traded as high as $27.32 and last traded at $26.77. Approximately 4,198,389 shares changed hands during trading, an increase of 27% from the average daily volume of 3,311,204 shares. The stock had previously closed at $26.02.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NNE shares. Benchmark upped their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday.

Nano Nuclear Energy Price Performance

The business’s 50 day moving average is $20.50 and its 200-day moving average is $15.23.

Hedge Funds Weigh In On Nano Nuclear Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Citizens Financial Group Inc. RI grew its holdings in shares of Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after purchasing an additional 643,000 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy during the third quarter worth $954,000. Virtu Financial LLC acquired a new position in shares of Nano Nuclear Energy during the third quarter worth $933,000. State Street Corp bought a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $718,000. Finally, XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $305,000.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.